Home Valuation

About Dave Fratello

About MB Confidential

What Happy Clients Say

Confidential Realty

East MB Bucket (9)

It has been literally months since we last opened up an East MB Bucket for discussion of the goings-on so near, yet so far away.

Since that last one, the home we led off with (1407 12th) has actually sold – for $560k.

Not too bad for a well-worn 1950s cottage (3br/1ba, 1300 sq. ft.) that had begun as a FSBO at $1m.

But that seems much more than was paid earlier this year for a transcendentally marginal East MB offering that was featured in a different bucket last October. 1856 Marine, at the corner with Aviation, fetched $480k in February. That's $200k less than when we discussed it last Fall. Also, curiously, $420k less than a June 2007 sale that, frankly, looks wrong.

Of course East MB is not just about these small, cheap homes.

There's 1501 9th, a very big (6br/10ba, 8550 sq. ft.) new home on a rare double corner lot, featured in our late-March bucket. It started at $6.5m, and this week took a nudge down to $5.995m.

A newer listing at 1416 9th is also newly down $500k, but that's a bigger proportion of the asking price.

This 6br/5ba, 4275 sq. ft. home is clear evidence that you get more for less in the East, offered at $444/PSF, though $1.899m still won't strike anyone as cheap, per se.

Those are some opening observations. Please share yours here as well – make the bucket work for you.

Final open questions, prompted by the destruction of the old Alberton's this week:

Do we really need a big new drugstore?

Hey, why no drugstores west of Sepulveda?

------------------------------------------------------------

Please use this "East MB Bucket" thread to post information about all listings and goings-on east of Sepulveda, data, critiques, news, etc.